Legal Consolidated does not practice in Family Law. However, as taxation and superannuation lawyers, we were asked to prepare a paper for a family law conference. This was the conflict between bankruptcy and the Family Court. This article is an adaptation of that...
Do overseas Australian Expats need a tax-effective Will and POA? I completed my doctorate in succession with my wife while living in London, I have firsthand experience of the allure and complexities of living overseas. Today’s globalised world tempts many of us with...
Using Trusts for Property Loans Trusts are often used to protect assets, reduce taxes, and for succession planning. The main types of trusts for loans are: 3-Generation Testamentary Trusts in Wills discretionary trusts (family trusts) unit trusts self-managed super...
Family Trust and Wills Can my Will control my Family Trust and trust loans (UPEs)? Family Trusts have nothing to do with Wills. And Wills have nothing to do with Family Trusts. They have separate laws and tax rules. A Will gives away what you own. In contrast, you do...
Q: What happens if, when we die, there is still a mortgage attached to the properties? If we were to die soon, each house would have a $400k mortgage. Most of this ($300k) could be cancelled out using the equity from our primary residence, but what happens if...
